South Africa Empty Iv Bags Market Size & Outlook
South Africa empty iv bags market, 2018-2030 (US$M)
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South Africa empty iv bags market highlights
- The South Africa empty iv bags market generated a revenue of USD 31.1 million in 2021 and is expected to reach USD 69.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.3% from 2022 to 2030.
- In terms of segment, pvc was the largest revenue generating product in 2021.
- Non-PVC is the most lucrative product segment registering the fastest growth during the forecast period.
Empty iv bags market data book summary
| Market revenue in 2021 | USD 31.1 million |
| Market revenue in 2030 | USD 69.5 million |
| Growth rate | 9.3% (CAGR from 2021 to 2030) |
| Largest segment | Pvc |
| Fastest growing segment | Non-PVC |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PVC, Non-PVC |
| Key market players worldwide | Baxter International Inc, B. Braun, ICU Medical Inc, JM Holdings Co Ltd, Fresenius SE & Co KGaA, BD |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.7% of the global empty iv bags market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa empty iv bags market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 69.5 million by 2030.
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Empty IV Bags Market Scope
Empty IV Bags Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa empty iv bags market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to empty iv bags market will help companies and investors design strategic landscapes.
Pvc was the largest segment with a revenue share of 50.16% in 2021. Horizon Databook has segmented the South Africa empty iv bags market based on pvc, non-pvc covering the revenue growth of each sub-segment from 2018 to 2030.
In the MEA region, South Africa empty IV bags market is anticipated to witness considerable growth over the forecast period. Rising healthcare expenditure and rising adoption of advanced healthcare facilities are major factors driving the market.
For instance, as per UNICEF Health Budget South Africa 2017/2018, the South African government has allocated 13.5% of total government spending on healthcare programs. Such instances are expected to create opportunities for new and key players in the South African market.
Moreover, as per the IHME, ischemic heart disease was the second leading cause of deaths in the country in 2017, and the number of deaths is expected to increase in the coming years. This leads to increased number of hospitalization and surgeries. Therefore, such factors are expected to propel the market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa empty iv bags market , including forecasts for subscribers. This country databook contains high-level insights into South Africa empty iv bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa empty iv bags market size, by product, 2018-2030 (US$M)
South Africa Empty IV Bags Market Outlook Share, 2021 & 2030 (US$M)
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